|
Report No. : |
330801 |
|
Report Date : |
07.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
HUE SOULIN WOOD PROCESSING FACTORY |
|
|
|
|
Registered Office : |
Nongsaphang Village, Xaybouli, Savannakhet |
|
|
|
|
Country : |
Laos |
|
|
|
|
Date of Incorporation : |
29.04.1998 |
|
|
|
|
Legal Form : |
Sole – Proprietorship |
|
|
|
|
Line of Business : |
Manufacturer of Plywood, Timber & Wood Products. |
|
|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Laos |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LAOS - ECONOMIC OVERVIEW
The government of Laos, one of the few remaining one-party
communist states, began decentralizing control and encouraging private
enterprise in 1986. The results, starting from an extremely low base, were striking
- growth averaged 6% per year from 1988-2008 except during the short-lived drop
caused by the Asian financial crisis that began in 1997. Laos' growth exceeded
7% per year during 2008-13. Despite this high growth rate, Laos remains a
country with an underdeveloped infrastructure, particularly in rural areas. It
has a basic, but improving, road system, and limited external and internal
land-line telecommunications. Electricity is available in 83 % of the country.
Laos' economy is heavily dependent on capital-intensive natural resource
exports. The labor force, however, still relies on agriculture, dominated by
rice cultivation in lowland areas, which accounts for about 25% of GDP and 73%
of total employment. Economic growth has reduced official poverty rates from
46% in 1992 to 26% in 2010. The economy also has benefited from high-profile
foreign direct investment in hydropower dams along the Mekong river, copper and
gold mining, logging, and construction though some projects in these industries
have drawn criticism for their environmental impacts. Laos gained Normal Trade
Relations status with the US in 2004 and applied for Generalized System of
Preferences trade benefits in 2013 after being admitted to the World Trade
Organization earlier in the year. Laos is in the process of implementing a
value-added tax system. Simplified investment procedures and expanded bank
credits for small farmers and small entrepreneurs will improve Laos' economic
prospects. The government appears committed to raising the country's profile
among investors, but suffered through a fiscal crisis in 2013 brought about by
public sector wage increases, fiscal mismanagement, and revenue shortfalls. The
World Bank has declared that Laos' goal of graduating from the UN Development Program's
list of least-developed countries by 2020 is achievable, and the country is
preparing to enter the ASEAN Economic Community in 2015.
|
Source
: CIA |
Company Details
|
Organization Name |
: |
HUE SOULIN WOOD PROCESSING FACTORY |
|
Address |
: |
Nongsaphang Village, Xaybouli, Savannakhet |
|
Country |
: |
Laos |
|
Email |
: |
huesoulin.lao@gmail.com |
|
Primary Business Activity |
: |
Manufacturer |
|
Key Industry |
: |
Plywood, Timber & Wood Products |
Key Facts
|
Registered Legal Address |
: |
Nongsaphang Village, Xaybouli, Savannakhet |
|
Operational Address |
: |
Nongsaphang Village, Xaybouli, Savannakhet |
|
Issuing Authority |
: |
Ministry of Industry & Commerce, Enterprise Registry Office -
Savannakhet |
|
License Number |
: |
0100010866 |
|
License Status |
: |
License exists - Normal. |
|
Legal Form - Category |
: |
Sole-proprietorship |
|
Legal Form |
: |
Not Applicable |
|
Legal Form - Abbreviation |
: |
Not Applicable |
|
Operational Status of Business |
: |
Normal |
|
Date of Registration |
: |
29 Apr, 1998 (1) |
|
Employees |
: |
20 |
|
Capital |
: |
US$ 495,399 |
|
Note |
: |
(1) In Laos, business licenses are issued for a period of ONLY 1 year. |
Key Person
|
Legal Title |
: |
Proprietor / Owner |
|
Name |
: |
Mr. Hue Soulin |
|
Local Name |
: |
ເຫ້ວສຸລີນ |
|
Nationality |
: |
Lao |
REPUTATION
|
Due to the fact HUE SOULIN WOOD PROCESSING FACTORY is a
sole-proprietorship, it has not been possible to identify any form of existing
reputation within the respective industry sector. |
NEGA-SCAN - ADVERSE DATA MONITORING
|
DISHONORED CHECKS |
|
No Record Found |
|
DEBT |
|
No Record Found |
|
CIVIL LITIGATION |
|
No Record Found |
|
PERFORMANCE DEFAULTS |
|
No Record Found |
|
ADVERSE LOCAL MEDIA COVERAGE /
ADVERSE FILING HISTORY |
|
No Record Found |
CAPITAL (Currency: LAK - Lao Kip)
|
Authorized Capital |
: |
₭ 3,955,011,500 |
|
Paid-up Capital |
: |
₭ 3,955,011,500 |
DOMESTIC SALES & PURCHASES
|
Annual Sales Analysis |
Percentage |
|
Domestic Sales |
80% |
|
International Sales (Export) |
20% |
|
Annual Purchases Analysis |
Percentage |
|
Local Purchases |
100% |
PAYMENT TERMS
|
Selling |
||||||||||
|
|
Purchasing |
||||||
|
N/A
FINANCIAL
STATEMENT – DETAILED
|
Based on the corporate laws of Laos, legal entities which are a Sole-proprietorship
are not required to make public disclosure of their annual financials.
Therefore no financials are available for this entity. |
N/A
Report Details
|
Country |
: |
Laos |
|
Business Entity Name |
: |
HUE SOULIN WOOD PROCESSING FACTORY |
|
Primary Business Activity |
: |
Manufacturer |
|
Primary Industry |
: |
Plywood, Timber & Wood Products |
|
Office Contact Details |
||
|
Operating Address |
: |
Nongsaphang Village, Xaybouli, Savannakhet |
|
Mobile |
: |
[+856]-2055540425 (1) |
|
Email |
: |
huesoulin.lao@gmail.com |
|
Note: |
|
(1) There exists no
known land telephone line that is being used by the Subject Business Entity (SBE)
in connection to their business, which is uncommon in normal / regular
businesses. The SBE ONLY operates using a Mobile phone as the primary point
of contact. |
Primary Products
|
Products / Materials / Services Description |
Activity |
|
Timber wood |
Manufacturing, Exporting |
|
Wood flooring |
Manufacturing, Exporting |
|
Wood furniture |
Manufacturing, Exporting |
SIC PRODUCT CLASSIFICATION & ACTIVITY
|
Product/Service Description |
Code |
Activity |
|
Logs, pulpwood, timber, poles, etc |
2411 |
Manufacturing, Exporting |
|
Wood products, nspf |
2499 |
Manufacturing, Exporting |
|
Wood products, preserved or treated |
2491 |
Manufacturing, Exporting |
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
|
Product/Service Description |
Code |
Activity |
|
Articles of wood |
4421909850 |
Manufacturing, Exporting |
|
Wood & articles of wood; wood charcoal |
4400 |
Manufacturing, Exporting |
|
Wood marquetry etc; jewel case etc & wood furniture |
4420 |
Manufacturing, Exporting |
CORE BUSINESS DESCRIPTION
|
Core Business |
|
The primary business focus of HUE SOULIN WOOD PROCESSING FACTORY is
Manufacturing - Finished products. Wood flooring Wood furniture Timber wood
Distribution |
|
Supplementary Business |
|
In addition to the core business, HUE SOULIN WOOD PROCESSING FACTORY
also is engaged in the following areas of business: Exporting Exporting - Finished products |
OTHER LICENSES
|
Issuing Authority |
: |
Ministry of Commerce - Trade Registration Department |
|
License Number |
: |
9639/HJT |
|
Date of Issuance |
: |
11 Dec, 2009 |
INTERNATIONAL TRADE - Activity & Markets
|
Country / Region |
Estimated level of importance |
Trading Activity |
|
Asia / Pacific |
Medium |
Exporting |
|
Thailand |
Medium |
Exporting |
|
Vietnam |
Medium |
Exporting |
OFFICE & FACILITIES
|
The following information relates to the Business Entity's office as
listed above: |
||||||||||||||||||
|
The Company Director/s listed below maintain the legal right to sign on
behalf of the company:
|
Name |
|
Mr. Hue Soulin |
|
Telephone Number |
: |
856-30-7776112 |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.70.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.